Intercontinental Exchange Inc (ICE) was Resumed by JP Morgan to “Neutral”. JP Morgan advised their investors in a research report released on Jun 1, 2016.
Many Wall Street Analysts have commented on Intercontinental Exchange Inc. Sterne Agee CRT Initiated Intercontinental Exchange Inc on May 20, 2016 to “Buy”, Price Target of the shares are set at $300.Intercontinental Exchange Inc was Resumed by Goldman to “Buy” on May 6, 2016.
On the company’s financial health, Intercontinental Exchange Inc reported $3.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $3.66. The company had revenue of $1154.00 million for the quarter, compared to analysts expectations of $1157.01 million. The company’s revenue was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.06 EPS.
Intercontinental Exchange Inc opened for trading at $269.42 and hit $270.71 on the upside on Friday, eventually ending the session at $270.21, with a gain of 0.82% or 2.21 points. The heightened volatility saw the trading volume jump to 5,68,960 shares. Company has a market cap of $32,167 M.
Investors should note that on May 4, 2016, Intercontinental Exchange Inc announced a cash dividend of $0.8500. The company’s management has announced Jun 14, 2016 as the ex-dividend date and fixed the record date on Jun 16, 2016. The payable date has been fixed on Jun 30, 2016.
In a different news, on May 6, 2016, Charles A Vice (President&Chief Op. Officer) sold 3,000 shares at $256.46 per share price. According to the SEC, on Apr 12, 2016, Frederic V Salerno (director) sold 837 shares at $232.62 per share price. On Feb 26, 2016, Jeffrey C Sprecher (Chief Executive Officer) sold 24,599 shares at $242.09 per share price, according to the Form-4 filing with the securities and exchange commission.
Intercontinental Exchange Inc. (ICE) is a global operator of regulated exchanges clearing houses and data services for financial and commodity markets. The Company operates marketplaces for trading and clearing an array of securities and derivatives contracts across asset classes including energy and agricultural commodities equities and equity derivatives among others. Its regulated exchanges include futures exchanges in the United States United Kingdom Canada Singapore and Europe three securities exchanges and two equity options exchanges. The Company also operates over-the-counter (OTC) markets for physical energy and credit default swaps (CDS). Its products and services include Regulated Energy Futures Contracts Regulated Agricultural Futures Contracts Regulated Financial Futures Contracts Securities Products and Listings Credit Derivatives Products OTC Energy Products ICE Data Services and New York Stock Exchange (NYSE) Data Services.